Nexstar Media Group, Inc. (NASDAQ:NXST - Get Free Report) Director Bernadette Aulestia sold 300 shares of the stock in a transaction on Monday, August 24th. The shares were sold at an average price of $186.80, for a total value of $56,040.00. Following the completion of the transaction, the director directly owned 4,383 shares of the company's stock, valued at approximately $818,744.40. This represents a 6.41% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Nexstar Media Group Trading Up 0.1%
Shares of NXST opened at $186.24 on Tuesday. Nexstar Media Group, Inc. has a 52-week low of $154.47 and a 52-week high of $254.30. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 5.09. The firm's fifty day moving average is $181.15 and its two-hundred day moving average is $198.88. The stock has a market cap of $5.74 billion, a PE ratio of 35.75 and a beta of 0.91.
Nexstar Media Group (NASDAQ:NXST - Get Free Report) last released its earnings results on Thursday, August 6th. The company reported $3.61 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $5.98 by ($2.37). The business had revenue of $1.99 billion for the quarter, compared to analysts' expectations of $1.97 billion. Nexstar Media Group had a return on equity of 24.02% and a net margin of 3.20%.Nexstar Media Group's quarterly revenue was up 62.2% compared to the same quarter last year. During the same period in the previous year, the company earned $3.06 EPS. Research analysts forecast that Nexstar Media Group, Inc. will post 32.88 earnings per share for the current fiscal year.
Nexstar Media Group Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Friday, August 14th will be given a dividend of $1.86 per share. The ex-dividend date is Friday, August 14th. This represents a $7.44 dividend on an annualized basis and a yield of 4.0%. Nexstar Media Group's payout ratio is presently 142.80%.
Institutional Investors Weigh In On Nexstar Media Group
Several hedge funds and other institutional investors have recently bought and sold shares of NXST. Integrated Wealth Concepts LLC purchased a new stake in shares of Nexstar Media Group in the 1st quarter valued at approximately $499,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Nexstar Media Group by 49.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,870 shares of the company's stock worth $2,844,000 after buying an additional 5,251 shares during the last quarter. Millennium Management LLC raised its position in shares of Nexstar Media Group by 571.4% during the 1st quarter. Millennium Management LLC now owns 72,650 shares of the company's stock valued at $13,020,000 after buying an additional 61,830 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Nexstar Media Group by 14.3% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 132,809 shares of the company's stock valued at $23,802,000 after buying an additional 16,637 shares during the period. Finally, Acadian Asset Management LLC acquired a new position in Nexstar Media Group in the first quarter valued at approximately $654,000. 95.30% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
A number of research analysts have weighed in on NXST shares. Weiss Ratings reissued a "hold (c)" rating on shares of Nexstar Media Group in a research note on Wednesday, May 27th. Barrington Research restated an "outperform" rating and issued a $290.00 price target on shares of Nexstar Media Group in a research report on Tuesday, April 28th. Zacks Research cut Nexstar Media Group from a "hold" rating to a "strong sell" rating in a report on Monday, August 10th. Wall Street Zen downgraded Nexstar Media Group from a "buy" rating to a "hold" rating in a research report on Sunday, July 12th. Finally, Wells Fargo & Company lowered their price objective on Nexstar Media Group from $253.00 to $249.00 and set an "overweight" rating on the stock in a research note on Friday, August 7th. Six investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $259.00.
View Our Latest Research Report on Nexstar Media Group
Nexstar Media Group Company Profile
(
Get Free Report)
Nexstar Media Group, Inc is a diversified American media company engaged primarily in the ownership, operation and strategic affiliation of local television stations, digital platforms and cable networks. The company provides a range of broadcast content, including local news, sports coverage, entertainment programming and syndicated shows, reaching audiences in more than 100 television markets across the United States.
Founded in 1996 by entrepreneur Perry Sook and headquartered in Irving, Texas, Nexstar has built its presence through organic growth and a series of high-profile acquisitions.
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